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Chairsatan Isn't Worried About Inflation - Should You Be?

CrownThomas's picture




 

If you listened to Ben Bernanke's testimony between last week and this week, you were told repeatedly that he is not worried about inflation.

Here are some charts that his analysts must have missed - Perhaps they're spending their time hanging out with the SEC boys surfing the web, but either way they should probably bring these to Ben's attention sooner rather than later.

 

Not Money's Reaction to Ben Today

 

Not Money's Performance Since Bernanke Began In 2006

EUR/USD Since Bernanke Began In 2006

 Oil's Performance - The Most Stealth Tax of All... "Transitory" of Course

 

 

 

And Finally, M2 -- But Don't Worry, They Have Mechanisms In Place To Pull This Back (wink)

On second thought, I think Ben is right - no inflation is around the corner. Sleep well America.

 

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Thu, 02/09/2012 - 01:23 | 2140738 YesWeKahn
YesWeKahn's picture

you really meant charlatan right?

Wed, 02/08/2012 - 12:36 | 2138179 sbenard
sbenard's picture

I AM concerned about inflation because I trade the commodity markets every day!

Tyranny is HERE! It has found a home in America!

Wed, 02/08/2012 - 11:59 | 2138007 Shizzmoney
Shizzmoney's picture

"Americans should just go on living their lives" - Ben Bernanke

Comments like these really are an insult to the people out there who don't get driven every where in a nice limo, who actually pay for their gas and food, and who actually do work, and not pontifiicate that things are getting better via spreadsheets with fudged numbers. 

I mean, this is the main reason why the Fed Reserve needs to go.  The heads of each bank really have no idea, no clue, and really, no morality towards what their monetary policies do for the populace.  I mean, most of these motherfuckers OWN gold (Richard Fisher, the same FOMC head who agrued for MORE Chinese made shit) and some in governemnt even HEDGE against Treasuries (like Eric Cantor). 

Wed, 02/08/2012 - 10:43 | 2137660 Dermasolarapate...
Dermasolarapaterraphatrima's picture

Rickards' best seller,  "Currency Wars" writes the devaluation wars are just beginning between the dollar, Chinese yuan and the euro:

 

http://www.amazon.com/Currency-Wars-Making-Global-Portfolio/dp/1591844495

Wed, 02/08/2012 - 09:06 | 2137354 engineertheeconomy
engineertheeconomy's picture

If I were Ben I would print hundreds of millions of quadrillions of hundred dollar bills and then give them to all my friends.

Oh wait, THAT IS what he's doing...

Wed, 02/08/2012 - 10:26 | 2137613 IAmNotMark
IAmNotMark's picture

quadrillions.

You said quadrillions when talking about dollars.

That isn't said very often.  At the moment.  Soon, saying quadrillion will be like saying trillion.  And then we'll be talking about quintillions.

No inflation?  Yea....right.

It'll be a shame when average americans learn that google is a number.  It'll be a real shame when it's printed on a piece of green paper.

 

Wed, 02/08/2012 - 08:51 | 2137323 engineertheeconomy
engineertheeconomy's picture

I make $7 an hour. I work for 8 hours a day, 5 days a week. I drive an hour to work.

 I make $56 per day before taxes, $40 per day after taxes. Gas cost me $50 per day. 50-40=10. 10x5=50.

 On top of all my other bills, it cost me $50 per week to go to work. But statistically I'm employed. Statistics never lie.

I would save $200 per month if I just stayed home.

If I add the cost of paying off the loan for my vehicle, insurance, maintenance, registration and smog fees, tires, repair costs, purchase price tax on the vehicle, road and bridge tolls, CHP radar gun tax, etc, then I would say that more realisticly I would save $500 to $1000 per month if I just stayed home.

Hell by saving that much money, I could afford to buy a home.

But I can't complain about the government. That would make me a terrorist, and they would send me to Guantanamo

Thu, 02/09/2012 - 01:25 | 2140742 YesWeKahn
YesWeKahn's picture

at Guantanamo, you make minimum wage, you don't have to drive, food is free, you probably don't have to pay any tax. Go for it. By the way, Bernanke belongs to Guantanamo too.

Wed, 02/08/2012 - 10:08 | 2137531 GeezerGeek
GeezerGeek's picture

If you were sent to Guantanamo you wouldn't need to buy a home. Sounds like a great financial plan to me. Not only would you be saving "$500 to $1000 per month", but you food, clothing and medical care would also be free. That's on a par with collecting Social Security or welfare/SNAP, being on Medicare or Medicaid, and having to pay one's own bills. So go ahead, complain.

Wed, 02/08/2012 - 09:04 | 2137349 JuicedGamma
JuicedGamma's picture

Good thing you are still somehow paying your cable/Internet bill, otherwise we wouldn't know about your pain.<\SARC>

Wed, 02/08/2012 - 06:56 | 2137219 HD
HD's picture

The Fed is a one trick pony that hasn't done anything but blow bubbles for the past 20 years. Each bubble gets bigger and pops faster.

The Fed, politicians, the media, and the markets all have a vested interest in pretending everything is fine and every problem has a simple painless solution.

Ben is out of a job is Obama loses - so it's likely they will "print and spin" through November. If the markets hold up that long is to be seen.

The bubble will burst again. Extend and pretend is nearing its limits.

What to see America's future?  Visit Japan.

Wed, 02/08/2012 - 08:47 | 2137311 adr
adr's picture

Japan? ha, try Somalia. We'd be lucky to end up like Japan.

Wed, 02/08/2012 - 09:08 | 2137360 JuicedGamma
JuicedGamma's picture

The US is the pachyderm in the room. It will bring everything else down if the dollar were to fail. So it can't happen.

Wed, 02/08/2012 - 07:37 | 2137243 Moe Howard
Moe Howard's picture

Will be be getting the wonderful honored forever melting down nuke powerless plants [GE TM] as well?

I need something to look forward to.

Wed, 02/08/2012 - 06:44 | 2137212 PaperBear
PaperBear's picture

 

I have my COINTELPRO goggles on while reading the following   http://kauilapele.wordpress.com/2012/02/06/benjamin-fulford-2-7-12-the-takedown-of-the-satanic-cabal-is-proceeding-smoothly/   “Despite widespread pessimism on the part of many truth seekers about the situation in the G5 terrorist states, behind the scenes the satanic cabalists in control of the Western central banks are in a state of extreme fear. One reason is that US Defense Secretary Leon Panetta told a White Dragon Society representative last week that the Pentagon and the US agencies were in no mood to let off the cabalists with a truth and reconciliation committee. “We have been watching these guys for a long time” he said and the conclusion reached was that Federal Reserve Board needs to be dismantled and the cabalists jailed.”  

Highlights

  • Despite widespread pessimism on the part of many truth seekers… behind the scenes the satanic cabalists in control of the Western central banks are in a state of extreme fear.
  • US Defense Secretary Leon Panetta told a White Dragon Society representative last week that the Pentagon and the US agencies were in no mood to let off the cabalists with a truth and reconciliation committee.
  • The 65% drop in the Baltic Dry Index (the price of shipping) this year is one visible sign of the dismantling.
  • Another sign was the stoppage on February 3rd of the Federal Reserve Board owned Clearing House Interbank Payments System [CHIPS].
  • The hysterical efforts by the Satanists to start World War 3 by via a war between Israel and Iran… is going to be stopped.

 

Wed, 02/08/2012 - 07:35 | 2137241 Moe Howard
Moe Howard's picture

I know leon pannetta, and he is no chinese citizenism roadside shitter nosepicking runningdog. However, he is ONE OF THE CABAL so the rest of the story is it's more bullshit.

Wed, 02/08/2012 - 05:55 | 2137178 DarkStarDog
DarkStarDog's picture

We belive in a strong dollor policy.... Remember those days... John Snow where are you? LOL frickin financial terrorist

Wed, 02/08/2012 - 05:52 | 2137176 DarkStarDog
DarkStarDog's picture

SNAP cards for all !

Wed, 02/08/2012 - 02:59 | 2137038 AnAnonymous
AnAnonymous's picture

US citizenism does not let room for self indiction.

BenBernanke is a US citizen. He will never self indict beyond what self criticism allows him to do (self criticism being the admission of 0.1pc of the negative consequences of your actions, so you do not lose all credibility by denial everything and anything)

Bernanke wont stand up for all the consequences of his inflationary decisions. He cant simply do that.

Taking responsibility for such decisions and their consequences is simply un US citizen.

Wed, 02/08/2012 - 07:32 | 2137239 Moe Howard
Moe Howard's picture

nosepicking roadside shitting chinese citizenism hoarding rare earth scum running dog. Yep.

Wed, 02/08/2012 - 04:56 | 2137129 akak
akak's picture

I stand in awe of the perfection of your Chinese citizenism trolling.

 

As Stoolman Mousy Tongue stated in his Petite Crimson Book: "There is no escaping for the round eyes from the mind-numbing worldwide reach of running dog Chinese citizenism."

Wed, 02/08/2012 - 02:52 | 2137030 respect the cock
respect the cock's picture

Find friends who raise cows.  Bought a quarter ($350) this past fall, 100% grass fed...another on the way in October.  Great inflation hedge.  Good for you too.

Wed, 02/08/2012 - 10:15 | 2137567 GeezerGeek
GeezerGeek's picture

Congratulations. There are now twelve Federal agencies planning SWAT raids once they find you. Moreover, PETA is going to haul you before the World Court on charges of enslaving the cow. They have rights, too, just like killer whales and Michelle.

Wed, 02/08/2012 - 10:38 | 2137644 Silver Dreamer
Silver Dreamer's picture

Congratulations.  With "killer" and one of the other words you listed, you too are about to have a visit from a government agency.

Wed, 02/08/2012 - 02:05 | 2136988 jimmyjames
jimmyjames's picture

Using M2 to gauge inflation is as flawed as using M3 or M1 or MZM

M2 components-

http://research.stlouisfed.org/fred2/categories/29

Just to use two of the components-

Savings deposits have increased by 2 trillion in a just a few years-

http://research.stlouisfed.org/fred2/series/SAVINGS?cid=29

But savings deposits are effected by sweeps-which distort true savings-

Sweeps being what are checking deposits that are swept daily into savings deposits so that banks can avoid the 12-1 reserve requirements-

M2 also contains money market deposit accounts and cannot/should not be counted in money supply growth-

http://research.stlouisfed.org/fred2/series/WRMFSL?cid=29

Meanwhile M2 velocity has collapsed-

http://research.stlouisfed.org/fred2/series/M2V

Wed, 02/08/2012 - 10:44 | 2137664 Smiddywesson
Smiddywesson's picture

Just a note to remark upon what high quality your posts are Jimmyjames.  You always deliver.

Wed, 02/08/2012 - 02:02 | 2136985 toadold
toadold's picture

I wonder how many of the "elite"  governing class that say there is no inflation and that we don't need a gold back currency are doing PM purchases for themselves?

Wed, 02/08/2012 - 08:58 | 2137337 engineertheeconomy
engineertheeconomy's picture

They drive down the cost of GLD and SLV by printing paper stock reciepts or simply entering numbers into a computer. Then they buy PHYSICAL Gold and Silver. And can't be that difficult to understand now could it?

Wed, 02/08/2012 - 01:14 | 2136927 Dr Hackenbush
Dr Hackenbush's picture

The rhetoric is pure gamesmanship meant to calm the frog for the bath of boiling water.  Banks fair better w/ inflation because it makes existing loans cheaper, and the ultimate bail out in their eyes.  The Fed WANTS inflation – no question.

Wed, 02/08/2012 - 01:17 | 2136934 rosiescenario
rosiescenario's picture

Hell, inflation bails out the debtor, the largest being our government.

 

And you are right, the banks like it because it means their current management does not have to report bad debt losses so they get their bonuses.

 

Homeowners like it because it turns a house into an ATM machine.

 

Corporations like it because it makes a weak dollar and therefore easier exports.

 

....now retirees....well, who cares....they are no longer of use to the system and are just a drain of resources.

Wed, 02/08/2012 - 01:26 | 2136944 Tijuana Donkey Show
Tijuana Donkey Show's picture

Soilent Green is retired sheeple! 

Wed, 02/08/2012 - 01:39 | 2136961 akak
akak's picture

Bernanke style:

Soylent Green is ..... PAPER!

Wed, 02/08/2012 - 01:11 | 2136922 lizzy36
lizzy36's picture

Nice work crown.

Wed, 02/08/2012 - 01:00 | 2136910 JW n FL
JW n FL's picture

 

 

Ron Paul: The Coming Chaos

http://www.youtube.com/watch?v=Q7ZlxvDqYJY&feature=g-all-u&context=G2d4bc13FAAAAAAAAIAA

Uploaded by on Feb 7, 2012

Heed These Words!!

Wed, 02/08/2012 - 01:27 | 2136945 Theosebes Goodfellow
Theosebes Goodfellow's picture

Excellent post, JW. Thanks.

Wed, 02/08/2012 - 00:52 | 2136898 HarrisonBergeron
HarrisonBergeron's picture

let it burn

Wed, 02/08/2012 - 00:49 | 2136892 snblitz
snblitz's picture

2% inflation takes about 50% of your savings over 30 years.

What is there to worry about?

And all that lost compounding of SSA payments.  Makes my eyes bleed.

Wed, 02/08/2012 - 00:37 | 2136874 swani
swani's picture

I just arrived back in the states from Brazil and am finding it so much more expensive. I found some old receipts from restaurants that we still frequent and it's 20% more expensive from a few years back, at least.

Wed, 02/08/2012 - 01:14 | 2136928 rosiescenario
rosiescenario's picture

....just like dropping a frog into apot of already boiling water....it notices it, unlike the frog slowly warmed up....

Wed, 02/08/2012 - 00:35 | 2136870 web bot
web bot's picture

I think "Ctrl-P" has lost his mind.

The world is awash in liquidity that is not being lent out... yield curves make no sense... Greece and Europe along with the international banking system is on the verge of collapse.

Wed, 02/08/2012 - 09:19 | 2137393 engineertheeconomy
engineertheeconomy's picture

TO THE CONTRARY...

The working class economy is going to collapse. We will be raped, pillaged and plundered.

The high class economy will be doing better than ever.

Think about it.

They own all the land, timber, mineral rights, precious and rare metals, petroleum, farms, ranches, homes, businesses, computer companies, etc AND they are all heirs to highly leveraged 100:1 derivitive contracts THAT WILL PAY OUT. Ben will make sure of that,

Wed, 02/08/2012 - 10:44 | 2137663 web bot
web bot's picture

I'm sure you've heard of the term "social unrest". Do you actually think that we are going to be unscathed once the collapse comes?

You should change your moniker to "Ctrl-BD" for Brain Dud.

Wed, 02/08/2012 - 00:11 | 2136813 working class dog
working class dog's picture

Well said new alien-IQ!

Wed, 02/08/2012 - 00:06 | 2136804 alien-IQ
alien-IQ's picture

Bernanke does not need to worry about inflation. He hasn't done his own grocery shopping or put gas in his car in at least 3 decades. When one lives on an expense account, the cost of such trivial things are of minor fucking significance.

Those of us that from time to time need to put food on the table and gas in our cars might want to consider being more than a little concerned. But we are merely pawns in this game of ponzi. Our fate is of no importance whatsoever....Until we start looking at the Bernankes and Dimons and Blankfeins of the world as a potential meal...then they'll pay attention.

Wed, 02/08/2012 - 09:16 | 2137383 DavidC
DavidC's picture

There was a TV programme here in the UK some months ago where politicians were asked if they knew the price of a pint of milk - not ONE of them knew.(I don't have a link unfortunately)

DavidC

Wed, 02/08/2012 - 01:27 | 2136946 Tijuana Donkey Show
Tijuana Donkey Show's picture

I don't eat kosher....

Wed, 02/08/2012 - 00:14 | 2136820 I think I need ...
I think I need to buy a gun's picture

i saw a commodities trader on cnbs last week, a real old fashioned texan shooting straight from the hip. "Most americans won't be able to afford meat" ,,,,"so most of our meat is going overseas"......

Wed, 02/08/2012 - 07:21 | 2137231 navy62802
navy62802's picture

Eh, for the price of a decent rifle or shotgun and some ammo, I can go get meat from nature. No middle men.

Wed, 02/08/2012 - 05:24 | 2137152 StychoKiller
StychoKiller's picture

What are ya worried about?  Rick Gingromney will solve all the current USA problemz for the Ignorati!

Wed, 02/08/2012 - 01:24 | 2136940 Oleander
Oleander's picture

But they brought back horse slaughter- tastes like beef!

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